According to Lookonchain, a major crypto whale deposited 17 million USDC into Hyperliquid and initiated large-scale short positions on Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) at 3x leverage. As a result of recent market upswings, the whale is now facing a realized loss exceeding $1.2 million. This significant loss underscores the risks of high-leverage trading on decentralized platforms and may cause increased volatility in ETH, SOL, and BTC as large liquidations or position adjustments could impact perpetual futures and spot prices. (Source: Lookonchain via X, hypurrscan.io)

According to Lookonchain, a major whale transferred $13 million USDC to Hyperliquid for short positions against BTC, ETH, and SOL, utilizing 5x leverage (source: Lookonchain, Twitter). This large-scale leveraged short signals a bearish sentiment among institutional traders and could increase downward pressure on top cryptocurrencies. Traders should monitor liquidity and volatility on Hyperliquid, as significant short interest may trigger cascading liquidations or amplify market movements, especially if BTC, ETH, or SOL prices break key support levels.

According to Lookonchain, a major crypto whale deposited $13 million USDC to Hyperliquid and opened significant short positions on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using 5x leverage (source: Lookonchain via Twitter, May 10, 2025). This sizable short bet introduces substantial selling pressure to these leading cryptocurrencies, potentially triggering increased volatility and raising short-term bearish signals for traders. The whale's aggressive use of leverage also increases liquidation risk, which could impact price swings if markets move against the position. Traders should closely monitor Hyperliquid and on-chain activity for further large movements that might affect Bitcoin, Ethereum, and Solana price action.